The assets include The Streets of Tanasbourne, a 386,000-sf lifestyle center located in the Sunset Corridor of Portland, OR; The Streets of West Chester, a 400,000-sf lifestyle center located in Butler County, just north of Cincinnati, OH; The Galleria, a 250,000-sf, two-level enclosed lifestyle center, located in Mt. Lebanon, PA; Toringdon Market, a 60,000-sf grocery-anchored neighborhood center located in Charlotte, NC; Parkway Centre South, a 335,000-sf power center located in Grove City, OH, and; Giant Eagle a 75,000 square foot store located in Westerville, OH.

Many of the properties were either recently completed or are nearing completion. A third party spokesperson for Continental says the company is not releasing any additional detail at this time, such as how much of a stake each player has in the partnership, whether any cash or debt changed hands in the transaction or whether any other properties are slated for transfer into the partnership. A Rreef spokesperson also declined comment.

A source familiar with the transaction tells GlobeSt.com that Continental will continue to manage the properties. Speculating on the strategic nature of the partnership, he says the move may free up some cash for Continental, allowing it to continue "aggressively" developing additional properties.